iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Update
by Teresa Graham · The Cerbat GemiShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 498,811 shares, an increase of 130.5% from the February 26th total of 216,416 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,026,674 shares, the days-to-cover ratio is currently 0.2 days.
iShares 0-5 Year High Yield Corporate Bond ETF Stock Performance
Shares of NYSEARCA:SHYG traded down $0.08 during trading on Friday, hitting $41.89. The company’s stock had a trading volume of 2,014,220 shares, compared to its average volume of 1,916,909. The business has a 50 day moving average price of $42.65 and a two-hundred day moving average price of $42.87. The company has a market capitalization of $7.93 billion, a PE ratio of 10.74 and a beta of 0.30. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $40.38 and a fifty-two week high of $43.39.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of SHYG. Dunhill Financial LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the 3rd quarter valued at about $26,000. Cornerstone Financial Management LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth about $27,000. Millstone Evans Group LLC purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth approximately $34,000. WFA of San Diego LLC purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the second quarter worth approximately $47,000. Finally, Monetary Solutions Ltd acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth approximately $66,000.
About iShares 0-5 Year High Yield Corporate Bond ETF
The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield USD-denominated bonds with 0-5 years remaining in maturity. SHYG was launched on Oct 15, 2013 and is managed by BlackRock.